Replies to post #357185 on Mr Cooper Group Inc (COOP)

[radiumsoup]

thanks for the link, I'll edit this response to save a post...

Second Lien Runoff Notes appear to be just $20,000,000. Since the "Accepted" valuation of the company is more or less $200,000,000, this represents about 10% of the value of the company as currently valued.

*IF* these Second Lien Runoff Notes are recharacterized as common reorganized stock, it would dilute the float of 200,000,000 shares. (The valuation of the conversion for these notes would have to be done fairly, so if the valuation of the company was $200MM, they'd get 10%... if the valuation was $1B, they'd get 2%.)